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Getting Your Price and Terms in a Hot Market

Eppraisal

Home values are increasing as buyers are competing for homes. According to the National Association of Realtors (NAR), the inventory of homes is at it's lowest since 1999. The NAR cites that in December of 2020 the inventory was down 23% compared to December of 2019. Home values are currently rising.

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Today's Veterans Affairs (VA) Home Loan

Eppraisal

The VA home loan is a true "no money down" home loan opportunity. Private mortgage insurance (PMI) is usually required with other loan programs when a buyer's down payment is less than 20% of the home's value. Since VA home loans are government-backed, they portray VA homebuyers as financially solid buyers.

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The REO Guide: 10 Steps to Buying a Bank-Owned Home

PennyMac

In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. During the appraisal, a licensed appraiser will take inventory of major systems (i.e., 10 Steps to Buying REO Properties.

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Key Skills Your Agent Should Possess in Today's Market

Eppraisal

Skills to Look For in a Listing Agent It's no secret homes are selling quickly. Your home value is most likely the highest it's ever been. Some homebuyers may think they can sell their homes themselves, without an agent's representation. Inventory of homes available are historically low.

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Using an Exclusive Buyer Broker is in Your Best Interest

Eppraisal

According to the National Association of Realtors, the inventory of available homes on the market set a record at the end of 2020 as being the lowest since 1999. Interest rates are still historically low and, in many areas, when a home is listed for sale, it's a race as to who sees it and puts in an offer first.

Buyers 36
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Various Shades of Buyer Representation

Eppraisal

Even though home values are rising, and buyers are competing for homes, exclusive buyer representation requires the agent to do everything in his or her power to get you the home on terms that are beneficial to you and for the best price. Help the buyer or tenant to arrange for property inspections.

Buyers 36
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Are Home Buyers Regretting Their Purchase?

Cleveland Appraisal Blog

Do you know of anyone who purchased a home within the past year? Below is a chart from the National Association of REALTORS article on home buyer regret. It reflects the results of a survey made by bankrate.com , which reflects the percentage of those who regret their home purchase, and the reasons why. Is this wise?

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